RJA (UK) Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04264392 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

RJA (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTOR:

B Stone

SECRETARY:

B Stone

REGISTERED OFFICE:

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

REGISTERED NUMBER:

04264392 (England and Wales)

ACCOUNTANTS:

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

38,863

54,649

Investment property

6

650,000

650,000

688,863

704,649

CURRENT ASSETS

Debtors

7

465,098

458,715

Cash at bank and in hand

141,241

30,323

606,339

489,038

CREDITORS

Amounts falling due within one year

8

412,583

366,868

NET CURRENT ASSETS

193,756

122,170

TOTAL ASSETS LESS CURRENT LIABILITIES

882,619

826,819

CREDITORS

Amounts falling due after more than one year

9

(264,228

)

(266,986

)

PROVISIONS FOR LIABILITIES

(18,170

)

(20,337

)

NET ASSETS

600,221

539,496

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

10

70,285

70,285

Retained earnings

529,934

469,209

SHAREHOLDERS' FUNDS

600,221

539,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2022 and were signed by:

B Stone - Director

1.	STATUTORY INFORMATION

RJA (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of good and amounts recoverable on contracts, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 77 (2020 - 75 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2020

and 30 November 2021

15,000

AMORTISATION

At 1 December 2020

and 30 November 2021

15,000

NET BOOK VALUE

At 30 November 2021

-

At 30 November 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2020

168,123

Additions

3,464

Disposals

(12,245

)

At 30 November 2021

159,342

DEPRECIATION

At 1 December 2020

113,474

Charge for year

14,084

Eliminated on disposal

(7,079

)

At 30 November 2021

120,479

NET BOOK VALUE

At 30 November 2021

38,863

At 30 November 2020

54,649

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2020

and 30 November 2021

650,000

NET BOOK VALUE

At 30 November 2021

650,000

At 30 November 2020

650,000

Fair value at 30 November 2021 is represented by:

£

Valuation in 2018

86,771

Cost

563,229

650,000

If investment property had not been revalued it would have been included at the following historical cost:

2021

2020

£

£

Cost

563,229

563,229

Investment property was valued on an open market basis on 30 November 2021 by Bernard Stone .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

371,176

379,116

Amounts owed by group undertakings

5,300

-

Other debtors

88,622

79,599

465,098

458,715

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

11,484

45,712

Trade creditors

9,416

16,378

Amounts owed to group undertakings

-

32,373

Taxation and social security

186,671

164,876

Other creditors

205,012

107,529

412,583

366,868

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

264,228

266,986

10.

RESERVES

Fair

value

reserve

£

At 1 December 2020

and 30 November 2021

70,285

11.	RELATED PARTY DISCLOSURES

During the year the company paid management fees of £134,000 (2020: £102,000) to RJA (Gibraltar) Limited. RJA (UK) Limited is a wholly owned subsidiary of RJA (Gibraltar) Limited.

At the year end date the amount owed from RJA (Gibraltar) Limited amounted to £5,300 (2020: £32,373, owed to).

RJA (Gibraltar) is 100% owned by T Stone.

Bernard Stone Associates Ltd is ultimately controlled by Bernard Stone. B Stone has significant influence over RJA (UK) Ltd. During the year £27,100 (2020: £23,600) was paid to Bernard Stone Associates Ltd for services performed and £141,285 (2020: £65,254) was paid to Bernard Stone Associates Ltd for joint venture services.

Amounts owed to Bernard Stone Associates Ltd was £144,816 (2020; £57,017), this is included within other creditors (2020: other creditors).

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by RJA (Gibraltar) Limited, a company incorporated in Gibraltar.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RJA (UK) Ltd for the year ended 30 November 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of RJA (UK) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RJA (UK) Ltd and state those matters that we have agreed to state to the director of RJA (UK) Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that RJA (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RJA (UK) Ltd. You consider that RJA (UK) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RJA (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

17 October 2022